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Thread: We are in Financial Trouble!

  1. #16
    Feeling Epic Superphil's Avatar
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    Isn't this one of the things Gus said in an interview, something along the lines of "With FFP next season we have problems, big problems". This might have been something he said in the infamous "hit the ceiling" interview.

  2. #17
    A. Virgo, Football Genius
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    so this chap's director's, subcontractor's account works for BHA and thought he'd pass on our apparent financial situation, and it just happen to filter back to a palace board.

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  3. #18
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    Quote Originally Posted by Superphil View Post
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    Isn't this one of the things Gus said in an interview, something along the lines of "With FFP next season we have problems, big problems". This might have been something he said in the infamous "hit the ceiling" interview.
    To be fair any club that is / was spending more than they had coming in had problems. To some people big problems mean not being able to sign premiership quality players while in the championship. While for most of us it would mean being on the edge of administration.
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  4. #19
    Registered User nwgull's Avatar
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    Quote Originally Posted by Gazwag View Post
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    On the basis that the accountant in question would have signed a confidentiality agreement the club can take him to the cleaners and pay off the debts, so no worries really, if this wasn't bullshit.
    Pretty much this. Even without having signed a confidentiality agreement, accountants are required by their professional institutes to maintain confidentiality of all their clients in both a business and social environment. I can't believe that anyone with half a brain cell would believe that post.
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  5. #20
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    Quote Originally Posted by Superphil View Post
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    Isn't this one of the things...
    stop your sentance there. there is no "thing", its a rumour invented by a keyboard warrior on an internet forum.

    BHA are currently spending on a massive acedemy and have a 30k stadium with high uptake of season ticket and a new shirt sponsorship. does that sound like a club with financial troubles?
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  6. #21
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  7. #22
    Registered User KJP's Avatar
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    We are in finacial trouble!


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    If we are in trouble then so are at least 71 other clubs

  8. #23
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    If we were in the shit Bridcutt, CMS, Ulloa and Buckley wouldn't still be here.
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  9. #24
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    Quote Originally Posted by Pavilionaire View Post
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    If we were in the shit Bridcutt, CMS, Ulloa and Buckley wouldn't still be here.
    Work would stop on the training ground as well
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  10. #25
    Registered User yxee's Avatar
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    We're in so much trouble that TB swapped 40,000,000 of debt for equity last year.

  11. #26
    Registered User Creaky's Avatar
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    Not to denigrate anything that TB has done for the club, (without him we certainly wouldn't have the club we have today and for that he is due a huge debt of thanks), but when the fortunes of any organisation, large or small, depends on one person for its future financial viability there has to be a degree of unease.

    That level of unease has to be lower in the case of BHAFC because TB is a genuine fan of the club as well as having the controlling interest. Who's to say however that his financial position might not change at sometime in the future and he would be forced, willingly or not, to pull out his support for the club. It's unlikely that anytime in the short to middle term future that the club will be profitable and all the time we aren't there is always a risk.

    How much more secure we would be if we could have a financial commitment from a second source just in case - how welcome a second investor would be made by the current board though is of course a matter for conjecture.

  12. #27
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    The Mirror is reporting that the Croyden rabble are being priced out of British players and will have to buy abroad. More like decent British players wouldn't be seen dead at Palace
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  13. #28
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    Quote Originally Posted by lawros left foot View Post
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    The Mirror is reporting that the Croyden rabble are being priced out of British players and will have to buy abroad. More like decent British players wouldn't be seen dead at Palace
    TBF, Gus used to complain about being priced out of British players; it's not unreasonable to assume most clubs are.

    Thankfully, we seem to have a direct hotline to some of Spain's La Liga / Segunda players.
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  15. #30
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    Quote Originally Posted by yxee View Post
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    We're in so much trouble that TB swapped 40,000,000 of debt for equity last year.
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